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Category: Important Commissions

The FFC, headed by former RBI Governor Y.V. Reddy, has broken new ground by recommending a move away from scheme and grants-based support to States to a greater devolution of funds from the Centre’s divisible pool of tax revenues. Constitutional body Fourteenth Finance Commission (FFC) has grasped the nettle of the imbalance in centre–state relations in fiscal affairs and has made sound recommendations for the … Continue reading Fourteenth Financial Commission